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Senator Edward M. Kennedy, Chairman of the Health, Education, Labor and Pensions Committee, issued a great statement about the US Department of Education allowing seven Federal Family Education Program lenders to resume billing on their loans with the ridiculously high interest rates of 9.5%. Get the full quote in this edition.
Read this full story to get a link to a list of the College Opportunity and Affordability Act amendments expected to be considered.
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Tlegraph.co.uk reports that a loophole in the UK student loan system allowed prisoners to claim funds designed to pay for rent and food.
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The new state of the student loan and student loan consolidation program industry is both good and bad depending on where you are. Check this one out to see what's going on and how the new bill is effecting the industry.
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The most recent bill increasing federal student loan amounts and lowering interest rates has been criticized as a blow to the middle class. There is yet another bill waiting in the wings that could possibly make it even harder for students who do not qualify for the need based assistance to get the student & consolidation loans that they need to complete their education.
Continue reading "New Student Loan & Consolidation Bill Hits Middle Class Again" »
Criticism and back-patting regarding the new bill congress is going to pass regarding federal student loans and aid aside, no one is doing anything to subsidize colleges or regulator the incredible explosion in cost of education that we have witnessed over the last 20 years.
Continue reading "Rising Education Costs Drive Student Loans & Consolidation" »
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Imagine my surprise as I was browsing through documents related to the recent flurry of student loan and student loan consolidation scandals when I saw my bank in the list of institutions mentioned in a report by the Senate Health, Education, Labor and Pensions Committee chaired by Senator Edward Kennedy.
Continue reading "Student Loan Consolidation - Citizens Bank" »
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Continue reading "Democrats Cut Student Loan Interest Rates" »
Continue reading "Grace Period Half Over Find Consolidation Now" »
Continue reading "New Bills Could Cut Federal Student Aid and Loans Again" »
The student loan consolidator eGrad had a pretty shady deal going with the University of Georgia Alumni Association. Get the details in this installment.
Continue reading "eGrad Student Loan Consolidation Scandal" »